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Derivatives (Tables)
 9 Months Ended
Nov. 02, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets:
 
Fair value of derivative assets
(in millions)
Balance sheet location
 
November 2, 2019
 
February 2, 2019
 
November 3, 2018
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
0.1

 
$
0.1

 
$
0.5

Commodity contracts
Other current assets
 
9.8

 
4.3

 
0.1

Commodity contracts
Other assets
 
0.6

 
1.4

 
0.4

Interest rate swaps
Other assets
 
—

 
0.6

 
1.5

Total derivative assets
 
 
$
10.5

 
$
6.4

 
$
2.5

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
0.3

 
0.8

 
0.7

Total derivative assets
 
 
$
10.8

 
$
7.2

 
$
3.2

 
Fair value of derivative liabilities
(in millions)
Balance sheet location
 
November 2, 2019
 
February 2, 2019
 
November 3, 2018
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
$
(0.9
)
 
$
(0.2
)
 
$
—

Commodity contracts
Other current liabilities
 
(0.2
)
 
—

 
(1.3
)
Total derivative liabilities
 
 
$
(1.1
)
 
$
(0.2
)
 
$
(1.3
)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions)
November 2, 2019
 
February 2, 2019
 
November 3, 2018
Foreign currency contracts
$
(0.3
)
 
$
0.7

 
$
0.9

Commodity contracts
16.1

 
4.0

 
(1.9
)
Interest rate swaps
—

 
0.6

 
1.4

Gains (losses) recorded in AOCI
$
15.8

 
$
5.3

 
$
0.4
Derivative Instruments, Gain (Loss)
The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated statement of operations:
 
 
 
13 weeks ended
 
39 weeks ended
(in millions)
Statement of operations caption
 
November 2, 2019
 
November 3, 2018
 
November 2, 2019
 
November 3, 2018
Foreign currency contracts
Other operating income, 
net
 
$
3.4

 
$
(1.8
)
 
$
(1.8
)
 
$
(12.3
)

The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the condensed consolidated statement of operations:
Foreign currency contracts
 
 
 
13 weeks ended
 
39 weeks ended
(in millions)
Statement of operations caption
 
November 2, 2019
 
November 3, 2018
 
November 2, 2019
 
November 3, 2018
Gains (losses) recorded in AOCI, beginning of period
 
 
$
1.7

 
$
0.4

 
$
0.7

 
$
(2.4
)
Current period gains (losses) recognized in OCI
 
 
(1.7
)
 
0.3

 
(0.1
)
 
2.4

Losses (gains) reclassified from AOCI to net income
Cost of sales (1)
 
(0.3
)
 
0.2

 
(0.9
)
 
0.9

Gains (losses) recorded in AOCI, end of period
 
 
$
(0.3
)
 
$
0.9

 
$
(0.3
)
 
$
0.9

Commodity contracts
 
 
 
13 weeks ended
 
39 weeks ended
(in millions)
Statement of operations caption
 
November 2, 2019
 
November 3, 2018
 
November 2, 2019
 
November 3, 2018
Gains (losses) recorded in AOCI, beginning of period
 
 
$
11.2

 
$
(4.4
)
 
$
4.0

 
$
1.4

Current period gains (losses) recognized in OCI
 
 
5.1

 
2.7

 
11.6

 
(2.2
)
Losses (gains) reclassified from AOCI to net income
Cost of sales (1)
 
(0.2
)
 
(0.2
)
 
0.5

 
(1.1
)
Gains (losses) recorded in AOCI, end of period
 
 
$
16.1

 
$
(1.9
)
 
$
16.1

 
$
(1.9
)

Interest rate swaps
 
 
 
13 weeks ended
 
39 weeks ended
(in millions)
Statement of operations caption
 
November 2, 2019
 
November 3, 2018
 
November 2, 2019
 
November 3, 2018
Gains recorded in AOCI, beginning of period
 
 
$
—

 
$
1.9

 
$
0.6

 
$
2.2

Current period gains (losses) recognized in OCI
 
 
—

 
0.1

 
—

 
0.5

(Gains) losses reclassified from AOCI to net income
Interest expense, net (1)
 
—

 
(0.6
)
 
(0.6
)
 
(1.3
)
Gains recorded in AOCI, end of period
 
 
$
—

 
$
1.4

 
$
—

 
$
1.4


(1)
Refer to table below for total amounts of financial statement captions impacted by cash flow hedges.
Total amounts presented in the condensed consolidated statements of operations
 
 
13 weeks ended
 
39 weeks ended
(in millions)
 
November 2, 2019
 
November 3, 2018
 
November 2, 2019
 
November 3, 2018
Cost of sales
 
$
(818.6
)
 
$
(820.5
)
 
$
(2,652.2
)
 
$
(2,746.2
)
Interest expense, net
 
$
(8.6
)
 
$
(10.6
)
 
$
(27.9
)
 
$
(28.9
)